# Polkadot Gains 6.81% to $1.19 as Its Supply Cap Stands at 2.1 Billion DOT By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38828 Published: 2026-10-23T08:26:48.000Z Updated: 2026-10-23T08:26:48.000Z Section: Investing > DOT was above its Oct. 20 reading of $1.141. Annual issuance fell to 55 million DOT in March, when a 2.1 billion DOT supply cap was set. Polkadot (DOT) traded at $1.19, up 6.81% over 24 hours, as of 4:22 a.m. ET (08:22 UTC) Friday, Oct. 23. The price was above a Tuesday, Oct. 20 reading of $1.141 at 9:14 a.m. ET (13:14 UTC), when DOT had gained 1.55% over 24 hours, in an [earlier price update](). DOT is used for staking, governance and coretime purchases on the Polkadot network. A March 14, 2026 governance change lowered DOT’s annual issuance to 55 million from 120 million and established a 2.1 billion DOT supply cap. The issuance reduction limits the flow of newly issued tokens, but those supply terms alone do not establish whether demand has changed. The [issuance reduction]() also followed an earlier supply overhaul. ## Links in this article - [earlier price update](https://www.tokenpost.com/news/investing/35696) - [issuance reduction](https://www.tokenpost.com/news/investing/34004)